What does an airplane tire cost
Good times for aircraft tires
Good times are ahead for Michelin, Goodyear, Bridgestone and Dunlop - at least when it comes to their aviation division. The market for aircraft tires is expected to grow by 4.35 percent per year over the next five years, estimates the market research company Markets & Markets. Aircraft tire sales are expected to grow to $ 1.37 billion worldwide by 2020. A number of factors are contributing to the strong growth: On the one hand, the demand for new aircraft is increasing - especially in Asia. But safety is also a reason: Due to stricter safety regulations, the tires on airplanes now have to be replaced more frequently.
Innovation is also driving the demand for aircraft tires: commercial airlines are forced by regulations to increase their operational efficiency. To do this, they have to reduce the weight of their machines - and the tires are an important starting point for this. The American tire manufacturer Goodyear landed the order last December to supply the tires for the new Boeing 777X, which is due to fly from 2019.
Light tires are in demand
Goodyear manufactures the aircraft tires at its plants in Thailand and Danville, Virginia, USA. For the 777X, “Flight Radial” tires with patented “Featherweight Alloy Core Bead” technology are used, which, according to Goodyear, offer dimensional stability, longer service life and increased cut resistance. They are also light. So far, Boeing has received 306 orders for its 777X aircraft, but the jet promises to be a box-office hit.
Asia will attract the majority of the growth because commercial air traffic continues to grow here and also has a positive effect on the tire market. In Asia, further investments in infrastructure, the liberalization of regulations for air transport and the growth of the region's gross domestic product will increase air traffic.
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